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Mergers and acquisitions

Ericsson appoints Ali Eid as head of Ericsson KSA, Jordan and Palestine

Ali Eid's current position as Head of Customer Unit for Ericsson KSA will now encompass the same responsibilities in Jordan and Palestine

Financial news

Vodafone Qatar reports Q1 loss

The telecom operator has reported a net loss of 99.9m riyals in its first quarter

IT Business

Silver Peak appoints Nick Applegarth as VP of sales for EMEA

Silver Peak aims to accelerate its growth in the SD-WAN and service provider markets across the EMEA region

Financial news

Ericsson fires CEO Hans Vestberg

CEO removed in face of poor results and corruption investigations

Financial news

Nintendo shares dive after citing Pokémon Go will have ‘limited’ financial impact

Investors have now acknowledged Nintendo did not create the AR game causing shares to plummet

Mergers and acquisitions

Verizon and Yahoo to announce $5bn deal

UPDATE: Verizon confirms purchase of Yahoo’s core Internet business for $4.83bn in cash

Mergers and acquisitions

Snell Advanced Media selects Gemalto for intellectual property protection

Gemalto aims to safeguard Snell Advanced Media's new product suite, xFile

Market research

Worldwide smartwatch market experiences first dip

IDC says shipments fell 32% in the second quarter of 2016

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